What to Know Before Buying a Home in Gig Harbor, WA

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Get Familiar with the Lay of the Land in Gig Harbor, WA

Strongly considering a home purchase in Gig Harbor? Awesome! You selected a lively city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers nationwide and are familiar with the ins-and-outs of the Gig Harbor housing market.

Given all of Washington's growth, Gig Harbor homes aren't always easy to find at a comfortable price. Sustained economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Gig Harbor area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Despite this, Gig Harbor and its neighboring areas still offer a wide range of homes in price and amenities. You can find single-family homes, condos, townhomes, and (ideally) your perfect home! When looking to buy a house in Gig Harbor, double check that you're factoring in the home's distance from your daily activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Discovering different parts of Gig Harbor will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Gig Harbor's hottest attractions.

Are your finances in the right place to buy a home in Gig Harbor? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe everyone can find their dream home and try our best to make the journey easier and more rewarding. You could choose to buy a home in Washington or elsewhere. We support first-time homeowners and experienced homeowners alike. Start with the following steps to help you figure out if your finances are in the right place to buy a house in Gig Harbor.

First, estimate how much house you can afford. This will help you narrow your search when house hunting in Gig Harbor. Then, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). You don't need an exact amount for these expenses. While everyone's situation is different, an online search for Gig Harbor averages will usually give you some solid estimates. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.

Now, figure out what a realistic down payment would be for you. Putting at least 20% down will boost your chances of getting a favorable rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

It's Go Time! Buy a House in Gig Harbor, WA

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But when you get to live in a stellar city like Gig Harbor, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Gig Harbor. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

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